Property Overview & Key Characteristics
This 1974-built, one-storey home on a large, approximately 9,726 sqft lot offers a blend of space, established charm, and strong relative value. Its key appeal lies in its generous land size, which ranks within the top 7% of all Winnipeg properties, providing rare suburban space and potential. The home itself features 1,432 sqft of living space with a finished basement, attached garage, and a practical single-level layout. Its standout characteristic is its consistently high percentile rankings across the local area, particularly for lot size (top 7% in Winnipeg) and building age (top 3% on its street), indicating a well-situated property in a mature neighbourhood.
It would best suit buyers seeking a long-term family home with ample outdoor room in an established area, or value-oriented purchasers who prioritize land size and the stability of a classic property over a modern build. A thoughtful perspective is that this home represents a "blank canvas with a head start"—the significant lot offers future possibilities (like gardening, expansion, or landscaping projects), while the existing structure provides immediate livability without the premium price of a new construction home.
Frequently Asked Questions
1. What does the "percentile ranking" data mean?
It shows how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking in the "top 7%" for lot size in Winnipeg means 93% of properties have smaller lots, highlighting a key competitive advantage.
2. Is a 52-year-old home a concern?
While it requires a diligent inspection for systems like roof, plumbing, and wiring, its age is actually a strength in its immediate context—it ranks newer than 97% of homes on its own street, suggesting a well-established, stable neighbourhood.
3. Who might this property not suit?
It may not suit those seeking a modern, open-concept layout or who prefer a low-maintenance property with a small yard. The appeal is in the space and potential, which comes with corresponding upkeep.
4. How should I interpret the assessment value?
The municipal assessment of $518,000 is for tax purposes and is a historical snapshot. It indicates the home is valued well above average locally (top 15% in Winnipeg), but the market sale price is determined by current conditions and buyer competition.
5. What are the less obvious advantages of a large lot like this?
Beyond privacy and space, it offers long-term flexibility: room for additions, mature trees, recreational areas, or even future subdivision potential subject to zoning. It also typically contributes to stronger value retention compared to properties on smaller lots.